Let’s Talk Gender Money Gaps

April 10th was a big day around Merino Wealth-Equal Pay Day.  This day highlights the gap between men and women’s wages and is currently held every April to symbolize how far into the year women need to work to make what men did in the previous year. It is always on Tuesday to "represent how far into the next work week women must work to earn what men earned the previous week.  In other words, because women earn less on average, they must work longer for the same pay.  

That gender wage gap that currently exists is that women now earn $0.80 for every $1 a man makes.  Black women earn $0.63 resulting in the need to work until August 7th, 2018 to earn what men earned in 2017 and Latinas only earn $0.54 on the dollar resulting in a Latina Equal Pay Day of November 1st.  Wow, that’s a lot more work to earn the same amount of money!  

Investing in Equality is part of our mission at Merino Wealth.  We work hard every day to not only acknowledge the financial needs that diverse investors face today but to persist when our needs aren’t met through the traditional way of doing things.  Equal Pay Day is a reminder that despite some progress, the wage gap exists, and women have ways to go when it comes to economic equality.  There’s tons of research that show that diversity in the workplace is better for all of us.  So let’s all work towards a future where Equal Pay Day occurs on December 31st. 


The views expressed today are my own and do not necessarily represent the views of my broker-dealer, The Investment Center, Inc. or my Registered Investment Advisor, IC Advisory Services, Inc.  The information contained is derived from sources believed to be accurate. However, we do not guarantee its accuracy. The information contained is for general use and it is not intended to cover all aspects of a particular matter. Neither the information presented nor any opinion expressed constitutes a representation by us or a solicitation of the purchase or sale of any securities.  The information contained is not appropriate, by itself, to guide investment decisions.

All Securities Offered Through The Investment Center, Inc. Member FINRA/SIPC. Advisory Services Provided Through IC Advisory Services, Inc. – An SEC Registered Investment Advisor. Jessica Merino is a registered representative of The Investment Center, Inc. Merino Wealth Management is not affiliated with The Investment Center, Inc. or IC Advisory Services, Inc.